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The total of Company C's assets in 1994 was 300% greater

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Senior Manager
Joined: 23 May 2005
Posts: 266
Location: Sing/ HK
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The total of Company C's assets in 1994 was 300% greater [#permalink]  11 Nov 2006, 23:22
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The total of Company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400 percent greater than the total in 1992. If the total of Company C's assets in 1992 was N dollars, which of the following represents the total of Company C's assets, in dollars, in 1994?

7n
8n
9n
12n
20n

I get an answer of 12n for this.

1994 = 3(1993)
1993 = 4(1992)
1992 = N

I come out with 12n. OA is 20n
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Impossible is nothing

Manager
Joined: 03 Nov 2006
Posts: 161
Followers: 2

Kudos [?]: 3 [0], given: 0

300% greater means 4x
400% greater means 5x

For example, 200 is 100% greater than 100, ie it is double
GMAT Club Legend
Joined: 15 Dec 2003
Posts: 4309
Followers: 29

Kudos [?]: 235 [0], given: 0

Do not get fooled by the wording. If it said 1993 were 400% of 1992, 1992 being n, then 1993 would be 4n. However, it says 1993 were 400% greater than 1992 so 1993 would be 5n. The rest is history.
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Best Regards,

Paul

Senior Manager
Joined: 23 May 2005
Posts: 266
Location: Sing/ HK
Followers: 1

Kudos [?]: 21 [0], given: 0

Thanks guys. I didn't even notice that! Thanks for pointing it out.
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Impossible is nothing

Director
Joined: 11 Sep 2006
Posts: 514
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Per the question, if company assets are 100 in 92, they are 500 in 93 (400% of 100, plus the original 100) and 2000 in 94 (300% of 500, plus the original 500).
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